ENERGY TRANSFER EQUITY Barclays CEO Energy-Power Conference September 3, 2014 Jamie Welch Group CFO
ENERGY TRANSFER FAMILY ENERGY TRANSFER EQUITY, L.P. (NYSE: ETE) General Partner / Parent Company 23.5% LP Interest, 50.16 million 9.0% LP Interest, 0.7% GP Interest, Class H Units (1) 1.0% GP Interest & IDRs & IDRs 31.0% LP…
SIGNIFICANT FINANCIAL SCALE AND DIVERSIFICATION ACROSS THE FAMILY Enterprise value of approximately 100 billion ETE: 167% Energy Transfer Equity, L.P. ETE ETP SXL RGP SUSP (NYSE: ETE) SUSP: 127% Market Cap: 32.6 billion SXL: 99%…
BUSINESS OVERVIEW Energy Transfer Equity (ETE), a pure-play general partner (GP), is an MLP that receives all of its cash flow from limited partner interests, GP interests and incentive distribution rights (IDRs) in Energy Transfer…
BUSINESS MODEL TRANSFORMATION Natural Gas Midstream Transmission & Storage Gathering and Processing Interstate NGLs Intrastate Transportation / Frac and Storage / Export SXL Crude Oil / Refined Products / NGLs and Terminals (East…
SHALE BASIN PRODUCTION GROWTH ALIGNED WITH ENERGY TRANSFER FAMILY OPERATING ASSETS Retail Locations Energy Transfer Asset Overview includes Distributers, Dealers, and Co-ops ETP Assets SXL Assets RGP Assets Sunoco , , Susser…
UNIQUELY POSITIONED TO CAPITALIZE ON GROWING U.S. EXPORT STORY Asset base well-positioned to capture the changing supply and demand dynamics for condensates, natural gas, NGLs and LNG Canada Europe NGLs LNG Natural Gas…
KEY INVESTMENT HIGHLIGHTS ETEs cash flow comes from a highly diversified revenue stream supported by long-term, fee-based contracts from large scale, regulated operations ETP has six distinct business segments, each making meaningful…
TRANSFORMATION AND CONTINUED GROWTH ETP Adjusted Propane Midstream Intrastate Interstate NGL Retail Crude All other EBITDA by Operating 7% 13% Segment 15% 18% 20% 12% ( in millions) 14% 2009 LTM 10% 53% 1,477 4,303 27% 11% SXL…
ORGANIC DEVELOPMENT AND ACQUISITIONS DRIVE GROWTH RGP SXL ETP 1.20 Over 15 billion of Board approved new organic growth projects being executed 11
CONSISTENT AND GROWING DISTRIBUTIONS FROM STRONG, DIVERSIFIED OPERATING BUSINESSES ETE currently receives significant cash flow from Trunkline LNG and through its LP, GP and IDR interests in ETP, RGP and SXL Trunkline ( in millions)…
TRUNKLINE AND LAKE CHARLES LNG Liquefaction transforms Trunkline into a bi-directional facility capable of importing and exporting LNG - Lake Charles LNG, the liquefaction project in development, is currently owned 60% ETE / 40% ETP -…
LAKE CHARLES LNG ON TRACK FOR FINAL INVESTMENT DECISION IN MID-2015 Train 1 DOE FTA & non-FTA Approvals Definitive FID In-Service Pre-FEED & Feed Study Agreements mid-2019 FERC Pre-Filing & Application Preliminary Commercial Q3 14…
APPENDIX
NET IDR RELINQUISHMENTS TO ETP FROM ETE ( in millions) 2014 2015 2016 2017 2018 2019 Total Net IDR Relinquishments (124) (86) (107) (85) (80) (70) (552) Management Fees (95) (95) (5) (195) Total (219) (181) (112) (85) (80)…
NON-GAAP RECONCILIATIONS Trunkline LNG Company, LLC (MM) 2Q14 Revenues 53 Operating expenses (4) Selling, general and administrative expenses (2) Adjusted EBITDA attributable to Trunkline LNG 47 17
NON-GAAP RECONCILIATIONS Energy Transfer Partners, L.P. Twelve Months Ended December 31, (MM) 2009 2010 2011 2012 2013 2Q14 LTM Net income 791 617 697 1,648 768 581 1,003 Interest expense, net of interest capitalized 395 412 474 665…
NON-GAAP RECONCILIATIONS Energy Transfer Equity, L.P. (MM) Twelve Months Ended December 31, 2010 2011 2012 2013 2Q14 LTM (1) ETP GP distributions 396 441 459 522 125 476 ETP LP distributions 191 180 180 268 29 148 ETP…
NON-GAAP RECONCILIATIONS Sunoco Logistics Partners L.P. Twelve Months Ended December 31, (MM) 2009 2010 2011 2012 2013 2Q14 LTM Net Income 250 348 322 531 474 158 454 Interest expense, net 45 73 89 79 77 21 78 Depreciation and…
NON-GAAP RECONCILIATIONS Regency Energy Partners LP Thre e Months Ende d June 30, 2014 2013 ( in millions) Net (loss) income (4) 11 Add (deduct): Interest expense, net 78 41 Depreciation, depletion and amortization 168 68 Income…
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